[GVI Forex]

BTC 4 HOUR CHART — 65000-70000?

 

While I don’t trade BTC, I get requests to post a chart.

In this 4 hour chart I have bracketed 65000 — 70000 with moves outside it so far not following through after holding a dip below the bottom end..

Expect choppy trading (an understatement for BTC0 while within this range, next risk )retracement or run at the high) will be dictated by a solid move outside it.

[GVI Forex]

JP, they seem, to be voicing the same theme — rate cuts are still on the table but there is no rush to start cutting.

Powell will likely repeat what he said last Friday and it is how the market spins his comments will dictate the reaction.

ADP and ISM Services PMI are the focus beforehand.

[Mtl JP]

play on OR of nerves ?
–
US 10-YR 4.365% UNCH LAST | 6:18:11 AM EDT

[Mtl JP]

divergence ? convergence ? ambivalence ?
it is a gum-flapping fed yakker rain wednesday
–
no less than FIVE of them, starting with bowman but players likely shaking the dice for
12:10 – jerome’s yak

[GVI Forex]

GBPUSD 4 HOUR CHART – CORRECTING

GBPUSD getting some support from a pop in UK yields as it played catchup yesterday after a 4-day break

As the chart shows, this is still just a correction with key levels not until the mid-1.26 region.

[wfakhoury Amman]

EURUSD
NOW 10766
10757 confirmed will be reached
10760 is the consolidation level; buy below it, sell above it, and tp at it.
10666 confirmed will be reached if it keeps below 10760.

[Belgrade Bobby]

EURUSD 4h

Resistance at 1.07800 & 1.08000

Support at 1.07650 ,  1.07500 &  1.06950

Do not try to pick it up – this might be just the beginning of the Down slide…

Even if the pair starts Up , it is going to take some time, so there will always be a chance to Buy it.

If this is just a correction, prior to continuation of the Up trend, just looking at Weekly chart tells me that 1.06100 would be a reasonable target.

My opinion – more Down is in the cards.

[SF Monedge]

I think the dynamic may be changing for EurJpy from an overall sell bias going back a week or so to an overall buy bias from 162.80 – 163.00 areas.  Could see 164 in days to come.

[Ab hk]

With this kind of divergence, either a war is waiting for us, or Friday data is already leaked,

[SF Monedge]

I am short everything against Yen  including my ex-mother inlaw’s evil cape and broom.

[GVI Forex]

Lesson: Looking for divergence

Us bond yields rose sharply earlier to 4.40% (1o year) but the USD did not come close to retesting intra-day highs.

When yields backed off the highs, usd backed off as well.

[GVI Forex]

Lesson: Looking for divergence

Us bond yields rise sharply earlier tomorrow at 4.40% (19 year) but thrcUSD did not come close to retesting intra-day highs.

When yields backed off the highs, usd backed off as well.

[Mtl JP]

¡ay, caramba! que passa aqui ?

Gold 2284 new new HIGH , 10-yr 4.353
both romping higher at the same time is, recent-contemporary-historically, un-usual

[Mtl JP]

daly says
– no urgency to cut
— 3 cuts this year:reasonable

mester says
– she still expects interest rate cuts this year but ruled out the next policy meeting
*** thks loretta ***

[GVI Forex]

USDJPY 4 HOUR CHART – STILL STUCK IN 151-152

USDJPY in the second week in 151-152 and there seems no rush or pressure on the BoJ to intervene at tgis moment.

So it is sort of a stalemate for now but only below 151 would shift the foicus from 151 and suggest verbal intervention is doing the trick.

[GVI Forex]

Wed APR 3 12:10 p.m.

Speech — Chair Jerome H. Powell

Economic Outlook

At the Stanford Business, Government, and Society Forum, Stanford, California

[Mtl JP]

maybe not powell himself but some / most of his apostoles breathing a bit of a sigh of relief as
–
UPDATED TUE, APR 2 20241:59 PM EDT – cnbc
Dow drops more than 450 points as Wall Street starts second quarter on a sour note
– The Dow Jones Industrial Average fell for a second day, continuing Wall Street’s lackluster start to the quarter, as bond yields increased and traders lowered expectations that the Federal Reserve would cut interest rates in June. …/..

[SF Monedge]

If AudCad starts trading under 8830 it should accelerate slightly and lower for another buy side entry (hopefully under 20).

[GVI Forex]

US500 15 MINUTE CHART

As I have said if looking CFDs prices may differ between brokers, even with the same symbols.

This US500 chart is showing signs of a potential bottom (2 red AT lines) but would need a oush through the resistance lines to confirm.

Look for a similar pattern on your chart.

[GVI Forex]

XAUUSD 4 HOUR CHART – NEW HIGH

XAUUSD holding off an attempt at a retracement to set another record high. As I have been saying, with a void on top, the new high becomes key resistance.

Why> Perhaps some switching out of Bitcoin or just some risk-off flows.

On this chart, it needs to trade/hold above the former high (2266) to the new high at risk.

Key support is not a thought at 2228 as long as it stays above 2250.

[Author]

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